In a move to boost liquidity and stability within the UAE’s financial markets, Finance House and Finance House Securities signed an agreement at the Abu Dhabi Securities Exchange (ADX).
Read also – NABNI Developments Signs MoU with Dubai Land Department
Geared towards bolstering liquidity in the local market and reinforcing the overall stability of the financial landscape, this partnership aligns seamlessly with the Abu Dhabi Securities Exchange (ADX) vision and strategies.
Read also – TECOM Group Acquires Office Park From Emirates REIT for AED 720 Mn
Under the agreement between the two parties, Finance House will inject AED 300 million into the local market through Finance House Securities, with the aim of increasing investments and boosting equity market liquidity.
“This agreement is a testament to the commitment of Finance House and Finance House Securities to provide innovative solutions that meet best practices. Our goal is to enhance liquidity and stability in the financial markets while stimulating economic activity in the UAE,” said Mr. T.K. Raman, CEO of Finance House.
“Innovation is crucial for success in the markets,” he continued. “The market’s successive achievements, overseen by the Abu Dhabi Securities Exchange (ADX), are essential for driving economic growth and sustainable development in the UAE. This fosters investor confidence and stimulates broader economic activity.”
Meanwhile, Ayman Al Khatib, General Manager and Managing Director of Finance House Securities said: “This agreement marks a significant step towards maximizing Finance House’s financial resources, enhancing operational efficiency at Finance House Securities, and contributing to better capital utilization. We also anticipate a long-term positive impact on the markets.”
This agreement demonstrates the shared commitment and collaboration to drive economic development in the UAE and empower the market to achieve sustainable growth.
About Finance House
Finance House, is a first-of-its-kind, independent, and diversified financial services company setting new standards in the UAE financial sector. Finance House and its associated entities Insurance House, FH Securities, and FH Capital bring together the ‘best-of-breed’ in each discipline, offering innovative and comprehensive products and solutions customized to the needs of our clients, characteristics that distinguish Finance House as a robust player within these markets. The competitive edge that Finance House holds is attained through its people, whose keen market acumen and professionalism provide us the apparatus to deliver the very best in customer care, all promptly.
About Finance House Securities
Finance House Securities LLC (FHS) provides secure and efficient brokerage services through a team of highly experienced professionals and offers customized and user-friendly online trading accounts, through which clients are able to monitor share prices and their own portfolios with ease.
Falling under the umbrella of the Finance House P.J.S.C group of companies, FHS’s competitive edge comes from its adoption of strong and well-planned strategies, alongside the development of new products and services, which are designed to fill gaps and encourage competition in the market.
